Chime checking account review

Would you like to read a comprehensive review of the Chime Checking account? At Responsible Economy, we have conducted an analysis of all its features, including fees, interest rate, welcome bonus, requirements, and everything you need to know. We also provide a comparison of the top checking accounts available in the United States in 2023. Welcome!

Video Chime checking account

We have also created a video showcasing all the features offered by the Chime checking account. If you enjoy our content, please consider subscribing to support us and receive daily videos.

Features

In this section, we will go over the features of the Chime checking account.

Monthly fees

There are no annual maintenance fees to worry about. Additionally, there is no requirement for an initial deposit to open the account.

Minimum balance

There is no minimum balance requirement for the checking account. You can open the account with a balance of $0 and not incur any fees.

Overdraft services

Chime does not offer an overdraft service, meaning that if a transaction would put your balance in the negative, it will be declined. However, you can access the SpotMe service to get an overdraft of up to $200, but you need to have direct deposits set up.

Zelle

Chime does not provide the Zelle service for sending and receiving money.

Bonus

Chime does not offer a welcome bonus, and it does not depend on whether you make direct deposits or not.

ATMs

You have access to over 60,000 ATMs where you can make fee-free withdrawals. This includes MoneyPass ATMs located at 7-Eleven stores and Allpoint ATMs.

Wire transfers

Chime does not provide specific information about the cost of wire transfers.

Interest rates

The Chime Savings account offers an impressive 2% APY, which is one of the highest interest rates available in the entire United States.

Fees

We have compiled a list of the fees associated with the Chime checking account:

• Monthly fees: $0
• Overdraft services: $0
• Wire transfers: No information available
• Zelle: This service is not offered
• ATMs: No fees at over 60,000 ATMs

Requirements

That’s correct! Here is the list of fees associated with the Chime checking account:

• Monthly fees: $0
• Overdraft services: $0
• Wire transfers: No information available
• Zelle: This service is not offered
• ATMs: No fees at over 60,000 ATMs

Documents

To open a Chime checking account, you will be required to provide the following documents:

1. Driver’s license or Social Security number: Chime may ask for a valid driver’s license or your Social Security number as part of the identification verification process.
2. Proof of address: You will need to provide an invoice or document that shows your name and address to verify that you reside in the United States.

These documents are typically required to ensure compliance with banking regulations and to establish your identity and residential status.

How to open a checking account

You are correct, Chime is an online bank, and the only way to open a checking account with them is through their online platform. You can access and complete the account opening process using a mobile phone or a computer. It’s important to note that Chime does not have physical branch locations in the United States, so all banking activities are conducted digitally.

Best checking accounts in 2023

We have made a Chime comparison with the best checking accounts you can open in the United States in 2023:

Video with the best checking accounts 2023

We have made a video with the best checking accounts:

Pros and cons

We have made a table with all the advantages and disadvantages of Chime:

Pros	Cons
No monthly fees	Cash deposit
No minimum deposit	No branches
More than 60,000 commission-free ATMs

Frequent questions

Here we answer all the questions you may have about Chime:

Conclusion and opinions

Based on our review, we believe that Chime offers a competitive checking account. Its key advantages include no fees, no requirement for direct deposits, fee-free ATM withdrawals at over 60,000 locations, and a high 2% APY on savings accounts. However, it’s important to note that Chime does not provide the Zelle service, which may be a limitation for some users. Additionally, they do not offer a welcome bonus. Overall, Chime presents a strong option for individuals seeking a fee-free and convenient online banking experience.

More information about chime

We have made a table with information of interest about Chime:

Information	Description
Website	https://www.chime.com/
Twitter	https://twitter.com/chime
Facebook	https://www.facebook.com/chime
Phone	1-844-244-6363

Related posts

Finally, you have a related posts about checking accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán